Boeing Co's (NYSE:BA) stock is flying low as the company battles a machinist strike that has forced tens of thousands of workers off the job. In a bid to cut costs, Boeing has furloughed thousands of U.S. employees, executives, and…
EssilorLuxottica announced on Tuesday that is has extended its partnership with Meta Platforms, Inc. (NASDAQ:META), through a new long-term deal to develop multi-generational smart eyewear. While financial terms remain undisclosed, the collaboration has already produced two generations of Ray-Ban smart…
Cruise stocks are cruising in the fast lane, and according to analysts, the seas ahead look crystal clear. Royal Caribbean Group (NYSE:RCL), Carnival Corp (NYSE:CCL), and Norwegian Cruise Line Holdings Ltd (NYSE:NCLH) are poised for a strong setup in 2025,…
On CNBC's “Mad Money Lightning Round,” Jim Cramer said IonQ, Inc. (NYSE:IONQ) is losing “too much money.” On Aug. 7, IonQ said its second-quarter revenue increased 106% year-over-year to $11.4 million. The quantum computing company reported a quarterly loss of…
A GameStop Corporation (NYSE:GME) analyst is questioning why the video game retailer is trading at a premium to its cash as it works through managing operating losses, but provided no strategy in its second-quarter earnings report. The GameStop Analyst: Wedbush…
Donald Trump and Kamala Harris will meet face-to-face for the first time in a televised presidential debate Tuesday — less than two months before the 2024 presidential election. Here's a look at where Benzinga readers stand on the highly anticipated…
Ripple is set to transform the XRP Ledger with a major enhancement that brings Ethereum-compatible smart contracts into the ecosystem via a new sidechain. What Happened: This upgrade will allow the ledger, which primarily facilitates simple financial transactions, to now…
Endava Plc (NYSE:DAVA) is gaining momentum in the IT services sector, with JPMorgan analyst Tien-tsin Huang highlighting it as a “top pick” with “highest upside in digital IT” for the second half of 2024. Endava, founded in 2006 in the…
Direxion Managing Director Ed Egilinsky spoke to Benzinga about the sectors likely to benefit from the Federal Reserve’s potential rate cuts as well as the 2024 presidential election. “In the current rotation trade environment, there are several sectors that could…
The momentum in gold’s recent rally has lost much of its shine, with the precious metal unable to reach new record highs since Aug. 20, as U.S. Treasury yields stabilize and the dollar rebounds. On Wednesday, gold traded at $2,505…